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FOX News
Sep 20, 2010 3:00pm EDT
but americans are still waiting for the promised recovery that never arrived. with us now from the fox business network, this report, this is the same report, i remember when the recession was coming on and everyone wanted to call it a recession and we were careful to say, no, this is how a recession is defined. we are still working by the same rules but a different crowd wants it to be a different thing. >>guest: first, the national bureau of economic research is not a government agency. get that out of the way. it's a private nonprofit group of more than 1,000 business and economic professors, big brain people, and it has a business cycle dating committee made up of eight economists with the biggest brains and reviews all of this economic data. and then makes call. looking at the indications, they ruled the session ended in june of 2009. >>shepard: that is not saying and the president is not saying the outlook is terrific. >>guest: absolutely not. here is what the group said in the statement today "the committee did not conclude that economic conditions since that month, june of 2009, have be
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